R&D Tax Credits Explained

Research and development (R&D) tax credits explained by the specialists at Hamilton Wood & Company

What is R&D Tax Relief?

R&D tax credits explained - Hamilton Wood & Company
  • They are a valuable UK Government tax incentive available to all Limited businesses.
  • It rewards limited companies who are striving to develop new and improved ways of doing things.
  • E.g. new or improved Products, services, systems, devices.
  • This class of tax relief is worth up to £33,350.00 back for every £100,000 of qualifying expenditure spent on seeking innovation.
  • This incentive is designed to encourage the pursuit of innovation in a business to achieve an advance.
  • Research and development tax relief is by far the most appealing incentive available to UK businesses.

Small to medium sized enterprises (SME's) as well as larger companies companies may claim R & D when they have spent money developing or enhancing:

Armed Forces Covenant
UK Research and Innovation
  • Processes
  • Products
  • Systems
  • Materials
  • Devices
  • and/or services

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Success Rate

Benefits of Our R&D Tax Credit Service

We work on a success only basis. This means that unless we get your business the results it deserve as, then there's no fee for our time. In other words, we work on a risk-free, no-win-no-fee basis.

Free R&D Health-Check

Contact us for a free R&D health-check. Our advisors will assess if your projects have merit and may signal a claim.

Instruction Received

Complete our client instruction form that provides us the authority to act on your company's behalf.

R&D Project Discussion Call

We conduct a more detailed call to discuss your business's historic projects and day-to-day activities that may hold value.

Technical R&D Call

Once an initial project overview has been secured, we start to distill all the relevant information to support your R&D claim. We do this on your behalf.

Report Processing

Our science and industry polymath with 33 years academic research prowess prepares a comprehensive R&D report for HMRC.

R&D Award

Our team has a great relationship with HMRC and work tirelessly to resolve any questions in relation to the submitted report until conclusion.

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This amount can be back in your business in just 6 - 9 weeks

Companies can claim for failed or shelved projects as well as successful ones.

Tax relief is often used as an alternative to traditional business funding options.

Invest cash rebates in future business projects. Reductions in tax liability also improve the bottom line.

The potential for dual-awards helps businesses striving to innovate.

Is Your Company Seeking an Advance?

It's important that your business is attempting something new.  The advance must not be trivial.

When the way forward is not immediately obvious you may be eligible to claim R&D tax credits. It is important to talk to a specialist to ensure that your claim is structured correctly so as not to expose you to a tax investigation later down the line.  

Hamilton Wood & Company work alongside your accountant who generally do not specialize in R&D tax relief.  Our role is to identify the full true R&D activities and all the costs incurred in relation to your claim.  We pass our findings to your accountant who are kept in-the-loop throughout your claim.

You can claim up to 33.3% of your eligible business costs back on the submission of a successful claim.

The UK government is strict on only allowing a business to claim back 2 ope tax years. If your financial year-end is approaching and you’ve not yet claimed contact us immediately.  Should you fail to process your claim in the allotted time-frame, you will lose large sums from your historic expenditures that you could otherwise have claimed back. (An an average R&D award for our clients is valued at over £45,000 - don't miss out!)

The Research and Development Tax Relief Incentive currently provides an extra 130% enhanced relief on top of any identified relief. This generous 'top-up' of deductible spend has the effect of reducing your CT liability.

If surrendered as a loss, you may be eligible for an immediate cash rebate within a 6-9 week period.

Invested in Trying to Improve Your:


Do you work to improve your business's products and service? This could signify an R&D tax claim.


When your business is striving to improve your service delivery in a new way, this could signify a claim.


Are you combining a variety of systems to achieve an advance or save time? This could signify a claim.


Are you working to improve devices used in your business? If you are contact us to see if you can claim.

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You might have an idea and not know if it will work. If your business is striving to make your idea a reality this may highlight a potential claim.

Hit a roadblock? Had to go back to the drawing board? Had to rethink? This could also highlight a potential claim.

HMRC is currently chasing many businesses in the UK who have filed false claims. This highlights the importance of using a specialist.

Your claim must be correct and include the correct costs, fees and applicable rates.

The world doesn't expect all your projects to succeed but we admire your trying.

We help companies from all over the United Kingdom recover large sums of money every year.

We are trusted partners to accountancy practices who are members of the ICAEW and ICCA across the United Kingdom.

Save time and money by utilizing our specialists to help with your claim.

Our streamlined process limits your time to two hours over a 6 to 9-week period.

Sector specialists distill all relevant information.

Next, we prepare a clear report accepted and approved for HMRC.

We work on a 100% success only basis. If we are unsuccessful in establishing the basis of a claim, then there is no cost for our specialists time.

“We were initially skeptical as we didn't realize many of our mundane daily activities we had grown used to could be considered R&D”

Ann O'Connor

Our team takes on the full cost of managing your R&D tax claim. Should no claim be possible, then it will cost you nothing for our time.

Start-up companies, as well as small to medium enterprises (SME's), are often at the cutting edge of industry. They surface because they see something different and aren't anchored by 'the way it used to be.'

More agile businesses often capitalize on opportunities quicker. They have often spotted a gap in the market, a problem that they want to solve.

Innovative companies often use new, cutting-edge, and often untested ways of doing things. An average claim made by a Small to Medium Enterprise (SME) is now over £46,000.00

Research and development expenditure credits are a quick and efficient way to give your business's bottom line a boost.

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